Headline projects

The FRC consults regularly with market participants and other interested parties to ensure its interventions are properly evidence based, correct a market failure and command broad support. Please see below a list of our headline projects.

New UK GAAP

In 2012 and 2013 the FRC revised financial reporting standards in the UK and Republic of Ireland. The revisions fundamentally reformed financial reporting, replacing almost all extant standard with th... read more >

The Sharman Inquiry

On 8 March 2011, the FRC announced the launch of an Inquiry led by Lord Sharman to identify lessons for companies and auditors addressing going concern and liquidity risks. read more >

UK Corporate Governance Code

The UK Corporate Governance Code (formerly the Combined Code) sets out standards of good practice in relation to board leadership and effectiveness, remuneration, accountability and relations with sha... read more >

UK Stewardship Code

The UK Stewardship Code was published in July 2010. It aims to enhance the quality of engagement between institutional investors and companies to help improve long-term returns to shareholders read more >

Financial Reporting Lab

The Financial Reporting Lab provides an environment where investors and companies can come together to develop pragmatic solutions to today’s reporting needs read more >

Effective Company Stewardship

The FRC’s report, ‘Effective Company Stewardship: Enhancing Corporate Reporting and Audit’, contains seven key recommendations. It responds to lessons of the financial crisis and builds on changes alr... read more >

Audit Choice

The FRC has been concerned for some time about the impact of concentration in the audit market and, in particular, the potential impact of a major firm failure on capital markets read more >

Reports and Publications

Getting a Better Framework

The FRC is contributing to IASB’s work to develop its Conceptual Framework for Financial Reporting by working in partnership with EFRAG and the national accounting standard-setters of France, Germany ... read more >

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